MISSION:
To perform administrative functions for the department in an expedient and efficient manner through policy formulation, implementation, and financial management; to work with individuals, agricultural groups, the legislature, South Dakota's congressional delegation, and other state and federal agencies to evaluate and respond to issues that affect South Dakota agriculture at the state, national, and international level; to provide service to the public and inform them about agriculture, its opportunities, challenges and needs; to provide a leadership role in educating, assisting, and guiding the public to foster opportunities to add real value to South Dakota agricultural commodities, including livestock and crops; to evaluate and foster development of markets for South Dakota agricultural commodities and agricultural products derived from such commodities; to sustain the viability of South Dakota agriculture producers by providing access to capital at rates producers can reasonably be expected to pay; and, to provide beginning farmers and ranchers access to capital at lower rates through the Value Added Finance Authority.

	ACTUAL FY 2002	ACTUAL FY 2003	BUDGETED FY 2004	REQUESTED FY 2005	GOVERNOR'S RECOMMENDED FY 2005	RECOMMENDED INC/(DEC) FY 2005
FUNDING SOURCE:
General Funds	$64,080	$56,460	$68,646	$134,022	$134,022	$65,376
Federal Funds	558,159	101,607	84,035	294,715	294,715	210,680
Other Funds	687,422	797,395	863,782	868,508	868,508	4,726
Total	$1,309,661	$955,462	$1,016,463	$1,297,245	$1,297,245	$280,782
EXPENDITURE DETAIL:
Personal Services	$334,781	$383,709	$410,586	$464,192	$464,192	$53,606
Operating Expenses	974,880	571,753	605,877	833,053	833,053	227,176
Total	$1,309,661	$955,462	$1,016,463	$1,297,245	$1,297,245	$280,782
Staffing Level FTE:	7.2	8.0	8.0	9.0	9.0	1.0

	ACTUAL FY 2002	ACTUAL FY 2003	ESTIMATED FY 2004	ESTIMATED FY 2005
REVENUES:
Investment Council Interest	$181,647	$200,245	$200,000	$200,000
Rural Development Loan Interest	426,673	318,116	350,000	350,000
Junior Livestock Loan Interest	97	287	1,000	1,000
Other Loan Interest Income	4,667	5,683	3,000	3,000
Livestock Loan Participation	82,188	63,401	100,000	100,000
Value Added Finance Authority	62,359	41,820	50,000	50,000
Mediation Services	14,444	3,032	5,000	5,000
Mediation Filing Fees	7,900	12,912	8,000	10,000
Miscellaneous	6,126	6,169	500	1,000
Total	$786,101	$651,665	$717,500	$720,000
PERFORMANCE INDICATORS:
New Loans Processed	19	24	30	30
Loans Serviced Annually	197	189	210	220
Loan Deliquency Rate (%)	2	2	3	3
BOSDRC Grants	38	44	55	55
New Ag Finance Counseling Clients	210	116	300	250
Applications for Mediation Service	153	215	200	250
Cases to Mediation	36	57	100	100
Cases Agreement Reached (%)	91	77	85	85
Potential Processor Contacts	128	118	150	150
Trade Shows/Feasibility Studies	12/6	14/5	15/5	15/5
Marketing Consultations	380	265	400	300
Livestock Missions	4	4	5	5
Beginning Farmer Applications	29	19	55	40

generated 12/01/03 10:11:47 AM